Over the course of nearly two decades, federal prosecutors said James Nix and his son, Bradley, defrauded more than 40 victim investors of at least $6 million.
In April, James Nix, 73, was found guilty of federal fraud and money laundering. He faces up to 20 years in prison and is set to be sentenced this summer. "We had no reason not to trust him," said Kathy Cousins, who, along with her husband, had known James Nix and used him as their personal accountant for more than a decade before they started investing with him."We are blue collars workers, but we saved and saved so we could have a really nice retirement and help our grandchildren with some college and take some trips," Cousins said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kendrick Lamar's latest music video features iconic North Texas locationsYou may recognize a few iconic North Texas locations in Kendrick Lamar's latest music video.
Source: CBS DFW - 🏆 542. / 51 Read more »
These North Texas counties are still seeing double-digit home price gainsHome prices across North Texas are still quickly on the rise as demand remains strong despite higher mortgage rates.
Source: dallasnews - 🏆 18. / 71 Read more »
This North Texas city ranks first in state, 15th nationally for parksPlano Parks and Recreation ranked first in Texas and 15th in the U.S. in the 2022 Trust for Public Land annual ParkScore.
Source: dallasnews - 🏆 18. / 71 Read more »
Four days after audacious escape from prison bus, Texas still hasn’t found convicted murdererOfficials are still trying to piece together how Gonzalo Lopez managed to cut through a metal door and hijack a prison bus Thursday. An extensive manhunt continues in Leon County. Obviously, he had Help... And is STILL getting Help... 'Nuff said!!!...
Source: TexasTribune - 🏆 441. / 53 Read more »
Meet the two Democrats running for Texas land commissionerJay Kleberg and Sandragrace Martinez’s platforms are polar opposites — one focuses on climate change mitigation and the other addresses mental health challenges in the state. Whoever wins the May 24 runoff will appear on the ballot in November.
Source: KUT - 🏆 77. / 68 Read more »
Looming end of federal pandemic emergency threatens to shake Texas’ Medicaid safety net, advocates sayAt the start of the pandemic, the federal government relaxed Medicaid rules to allow more people to stay insured. But with the federal pandemic emergency declaration set to end by October, up to 1.3 million Texans could lose their health coverage.
Source: TexasTribune - 🏆 441. / 53 Read more »